Businesses, Homeowners, Renters, and Non-Profits are eligible for loans to repair/replace damage from the storms March 31/April 1st.
The U.S. Small Business Administration (SBA) has trained, experienced customer service representatives at a FEMA Disaster Recovery Center (DRC) located in Morgan County at the 4H Exhibition Building, 1749 Hospital Dr., Martinsville, IN 46151. The DRC is open Monday to Friday 7:00am-7:00pm and on Saturdays 7:00am-2:00pm.
At the DRC, SBA’s Customer Service Representatives will assist Indiana businesses and residents with applying for SBA disaster loans for losses due to severe storms, straight-line winds and tornadoes that occurred from March 31 through April 1. In addition, there are Economic Injury Disaster Loans (EIDL) that do not require any physical damage by the borrower for private nonprofits and small businesses. The EIDL is a working capital loan to help pay for ordinary and necessary operating expenses to recover from revenue loss.
Disaster survivors with insurance should not wait for their settlement before applying to the SBA. The SBA can make a loan for the total loss and use insurance proceeds to reduce or repay the loan.
Apply in person at a Disaster Recovery Center or a Business Recovery Center or apply online using the Electronic Loan Application (ELA) via the SBA’s secure website at https://
Information regarding how to apply for an SBA disaster loan:
How to Apply for a Disaster Assistance Loan – YouTube
Three Steps to SBA Disaster Assistance Loans – PDF
Business Loan Checklist – PDF
Home/Renter Loan Checklist – PDF
SBA Disaster Loan Fact Sheet – PDF
Deadlines for filing:
- Physical damage: June 14, 2023
- Economic Injury: January 15, 2024